No stopping Turkish FIs as Deniz gets $640m facility

07 Oct 2010

Turkey’s Denizbank, owned by Dexia, signed a $640m dual-currency loan with a syndicate of 30 banks last week.

The one year facility is split between tranches of $126.5m and Eu385m. It pays a margin of 70bp, with fees of 60bp making the all-in 130bp.

Standard Chartered and Wells Fargo co-ordinated the club deal. The borrower targeted $400m-$500m but took an increase following heavy demand from a large ...

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